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親愛的 瑞
又菜又爱玩🥹🥹😎😎
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親愛的 瑞
2021-11-30
$特斯拉(TSLA)$
这妮子说她的照片可以招财,我试试是不是骗我的[捂脸] [捂脸]
親愛的 瑞
08-22
快乐的周末从🚗🚗开始[得意] [得意]
$特斯拉(TSLA)$
親愛的 瑞
08-25 02:42
$META 20260824 555.0 CALL$
心惊胆战的,再也不玩这个末日的了[丢脸] [丢脸]
親愛的 瑞
2025-09-11
$TSLA 20250912 370.0 CALL$
今天还不错买在低位,卖在高位,稳稳的五倍[财迷] [财迷] [财迷] [得意] [得意]
親愛的 瑞
2025-09-05
$INNO Holdings Inc.(INHD)$
什么妖怪👿?
親愛的 瑞
05-22
$ARM Holdings(ARM)$
这家伙今年内会不会上$500?我想买点赚点过年花[得意] [得意]
親愛的 瑞
08-24 22:30
$Sadot(SDOT)$
如果再回到从前 所有一切重演我会一直充钱 股价低弥不怕挫折打击 没有低迷哪有重回巅峰的动力
親愛的 瑞
06-02
game over,在内地的朋友们,好好珍惜剩下的9个交易日[流泪] [流泪]
親愛的 瑞
05-15
$英伟达(NVDA)$
这家伙又开始干坏事了[得意]
親愛的 瑞
06-27
$AAPL 20260626 282.5 CALL$
180倍错过了[流泪] [流泪] [流泪]
@GeoGeo 啾啾
去老虎APP查看更多动态
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23:07","market":"us","language":"zh","title":"美股散户风向变了?一边押注AI继续涨,一边疯狂买Put“上保险”","url":"https://stock-news.laohu8.com/highlight/detail?id=1133951937","media":"老虎资讯综合","summary":"Vanda Research和嘉信理财的数据显示,投资者一边选择性持有科技股、押注AI行情继续向上,一边加大对看跌期权和反向ETF的配置,为潜在的市场回调提供保护。Vanda全球股票策略师Marco Iachini表示,散户目前仍在选择性参与传统AI主题,但与此同时,正通过期权和反向ETF加强下行保护。投资者仍希望捕捉英伟达、美光、闪迪等AI相关股票的上涨机会,但与此同时,对回撤的警惕明显升温,通过Put和反向ETF为多头仓位“上保险”正变得越来越普遍。","content":"<html><head></head><body><p style=\"text-align: left;\">随着秋季临近,美国散户并未撤离人工智能(AI)交易,但投资策略正明显转向谨慎。Vanda Research和嘉信理财(Charles Schwab)的数据显示,投资者一边选择性持有科技股、押注AI行情继续向上,一边加大对看跌期权和反向ETF的配置,为潜在的市场回调提供保护。</p><p style=\"text-align: left;\">Vanda全球股票策略师Marco Iachini表示,散户目前仍在选择性参与传统AI主题,但与此同时,正通过期权和反向ETF加强下行保护。与过去市场一跌就“无脑抄底”不同,今年散户的操作明显更加战术化,要么快速在不同股票之间轮动,要么在持有股票多头仓位的同时买入保护性看跌期权。</p><h2 style=\"text-align: left;\"><strong>散户买Put明显增加,买股资金却在收缩</strong></h2><p style=\"text-align: left;\">Vanda数据显示,尽管散户直接买入股票的现金规模整体下降,但2026年最受散户青睐的12只股票中,看跌期权买入量自4月以来较第一季度接近翻倍。</p><p style=\"text-align: left;\">更值得关注的是,看跌期权买入规模与股票净现金买入额之比,已经由约26%大幅升至110%。这意味着,在直接买股资金减少的同时,散户用于下行保护的资金明显增加。</p><p style=\"text-align: left;\">Iachini指出,ETF策略尤其是杠杆ETF的普及,也改变了散户的风险敞口。自4月中旬以来,看多和看空科技股ETF的买入力度均有所下降,其中看多ETF资金流入下降约50%,看空ETF资金流入下降约35%。</p><p style=\"text-align: left;\">整体来看,散户正在减少股票多头敞口,同时增加个股Put和大盘反向ETF的配置。Vanda认为,这一变化部分源于投资者在过去几年“逢跌买入”获得丰厚回报后开始获利了结,也可能意味着部分资金正转向投机股、杠杆ETF等风险更高的交易工具。</p><h3 style=\"text-align: left;\"><strong>但散户并未全面转空,7月仍在持续净买入</strong></h3><p style=\"text-align: left;\">不过,对冲需求增加并不意味着散户已经全面看空市场。</p><p style=\"text-align: left;\">嘉信理财数据显示,即使7月市场波动加剧,其客户仍保持净买入状态。衡量客户交易活跃度的Schwab Trading Activity Index(STAX)连续第三个月上升,7月由6月的59.12升至59.80,创2022年1月以来最高水平。</p><p style=\"text-align: left;\">整个7月,嘉信客户仍是市场净买家,买家数量超过卖家的两倍。投资者尤其倾向于在波动较大的科技股回调时买入,而对持续横盘的股票兴趣有限。</p><p style=\"text-align: left;\">值得注意的是,此前经常进入STAX最受欢迎股票前五名的英伟达,7月并未出现在榜单中。</p><h2 style=\"text-align: left;\"><strong>一边卖AI股Put赚权利金,一边买QQQ Put对冲</strong></h2><p style=\"text-align: left;\">嘉信理财交易及衍生品策略主管Joe Mazzola表示,截至8月7日当周,投资者买入QQQ(纳斯达克100ETF)看跌期权的活动略有增加。</p><p style=\"text-align: left;\">目前部分嘉信客户正在采用一种“两头兼顾”的策略:一方面卖出英伟达、美光、闪迪等AI相关股票的Put,以获取较高的期权权利金;另一方面买入价格相对较低的QQQ Put,对冲整个科技股组合的下跌风险。</p><p style=\"text-align: left;\">不过,Mazzola强调,目前的对冲活动尚未达到极端水平。投资者仍在卖出Put、买入Call,整体仓位依然押注市场进一步上涨。</p><p style=\"text-align: left;\">换言之,当前散户的态度并不是简单从“看多”转向“看空”,而是从此前较为激进的单边押注,逐渐转向“继续做多+主动对冲”。</p><h2 style=\"text-align: left;\"><strong>杠杆和反向ETF仍受活跃交易者青睐</strong></h2><p style=\"text-align: left;\">富达投资(Fidelity Investments)高级交易经理Brian Coplin表示,期权、杠杆ETF和反向ETF正被越来越多成熟投资者用于管理投资组合风险或表达市场方向判断。</p><p style=\"text-align: left;\">相比保证金交易或直接做空,杠杆及反向ETF的参与门槛相对较低,因此对部分活跃投资者具有吸引力。不过,这类产品通常更适合短期交易,投资者需要充分了解其投资目标和潜在风险。</p><p style=\"text-align: left;\">综合Vanda和嘉信的数据来看,<strong>散户并没有离开AI交易,但过去“逢跌就买”的交易逻辑正在发生变化。投资者仍希望捕捉英伟达、美光、闪迪等AI相关股票的上涨机会,但与此同时,对回撤的警惕明显升温,通过Put和反向ETF为多头仓位“上保险”正变得越来越普遍。</strong></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n美股散户风向变了?一边押注AI继续涨,一边疯狂买Put“上保险”\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2026-08-19 23:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">随着秋季临近,美国散户并未撤离人工智能(AI)交易,但投资策略正明显转向谨慎。Vanda Research和嘉信理财(Charles Schwab)的数据显示,投资者一边选择性持有科技股、押注AI行情继续向上,一边加大对看跌期权和反向ETF的配置,为潜在的市场回调提供保护。</p><p style=\"text-align: left;\">Vanda全球股票策略师Marco Iachini表示,散户目前仍在选择性参与传统AI主题,但与此同时,正通过期权和反向ETF加强下行保护。与过去市场一跌就“无脑抄底”不同,今年散户的操作明显更加战术化,要么快速在不同股票之间轮动,要么在持有股票多头仓位的同时买入保护性看跌期权。</p><h2 style=\"text-align: left;\"><strong>散户买Put明显增加,买股资金却在收缩</strong></h2><p style=\"text-align: left;\">Vanda数据显示,尽管散户直接买入股票的现金规模整体下降,但2026年最受散户青睐的12只股票中,看跌期权买入量自4月以来较第一季度接近翻倍。</p><p style=\"text-align: left;\">更值得关注的是,看跌期权买入规模与股票净现金买入额之比,已经由约26%大幅升至110%。这意味着,在直接买股资金减少的同时,散户用于下行保护的资金明显增加。</p><p style=\"text-align: left;\">Iachini指出,ETF策略尤其是杠杆ETF的普及,也改变了散户的风险敞口。自4月中旬以来,看多和看空科技股ETF的买入力度均有所下降,其中看多ETF资金流入下降约50%,看空ETF资金流入下降约35%。</p><p style=\"text-align: left;\">整体来看,散户正在减少股票多头敞口,同时增加个股Put和大盘反向ETF的配置。Vanda认为,这一变化部分源于投资者在过去几年“逢跌买入”获得丰厚回报后开始获利了结,也可能意味着部分资金正转向投机股、杠杆ETF等风险更高的交易工具。</p><h3 style=\"text-align: left;\"><strong>但散户并未全面转空,7月仍在持续净买入</strong></h3><p style=\"text-align: left;\">不过,对冲需求增加并不意味着散户已经全面看空市场。</p><p style=\"text-align: left;\">嘉信理财数据显示,即使7月市场波动加剧,其客户仍保持净买入状态。衡量客户交易活跃度的Schwab Trading Activity Index(STAX)连续第三个月上升,7月由6月的59.12升至59.80,创2022年1月以来最高水平。</p><p style=\"text-align: left;\">整个7月,嘉信客户仍是市场净买家,买家数量超过卖家的两倍。投资者尤其倾向于在波动较大的科技股回调时买入,而对持续横盘的股票兴趣有限。</p><p style=\"text-align: left;\">值得注意的是,此前经常进入STAX最受欢迎股票前五名的英伟达,7月并未出现在榜单中。</p><h2 style=\"text-align: left;\"><strong>一边卖AI股Put赚权利金,一边买QQQ Put对冲</strong></h2><p style=\"text-align: left;\">嘉信理财交易及衍生品策略主管Joe Mazzola表示,截至8月7日当周,投资者买入QQQ(纳斯达克100ETF)看跌期权的活动略有增加。</p><p style=\"text-align: left;\">目前部分嘉信客户正在采用一种“两头兼顾”的策略:一方面卖出英伟达、美光、闪迪等AI相关股票的Put,以获取较高的期权权利金;另一方面买入价格相对较低的QQQ Put,对冲整个科技股组合的下跌风险。</p><p style=\"text-align: left;\">不过,Mazzola强调,目前的对冲活动尚未达到极端水平。投资者仍在卖出Put、买入Call,整体仓位依然押注市场进一步上涨。</p><p style=\"text-align: left;\">换言之,当前散户的态度并不是简单从“看多”转向“看空”,而是从此前较为激进的单边押注,逐渐转向“继续做多+主动对冲”。</p><h2 style=\"text-align: left;\"><strong>杠杆和反向ETF仍受活跃交易者青睐</strong></h2><p style=\"text-align: left;\">富达投资(Fidelity Investments)高级交易经理Brian Coplin表示,期权、杠杆ETF和反向ETF正被越来越多成熟投资者用于管理投资组合风险或表达市场方向判断。</p><p style=\"text-align: left;\">相比保证金交易或直接做空,杠杆及反向ETF的参与门槛相对较低,因此对部分活跃投资者具有吸引力。不过,这类产品通常更适合短期交易,投资者需要充分了解其投资目标和潜在风险。</p><p style=\"text-align: left;\">综合Vanda和嘉信的数据来看,<strong>散户并没有离开AI交易,但过去“逢跌就买”的交易逻辑正在发生变化。投资者仍希望捕捉英伟达、美光、闪迪等AI相关股票的上涨机会,但与此同时,对回撤的警惕明显升温,通过Put和反向ETF为多头仓位“上保险”正变得越来越普遍。</strong></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6328789f274d123125e5ed443d40fe34","relate_stocks":{"QQQ":"纳指100ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯","TQQQ":"纳指三倍做多ETF",".IXIC":"NASDAQ Composite","SQQQ":"纳指三倍做空ETF"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133951937","content_text":"随着秋季临近,美国散户并未撤离人工智能(AI)交易,但投资策略正明显转向谨慎。Vanda Research和嘉信理财(Charles Schwab)的数据显示,投资者一边选择性持有科技股、押注AI行情继续向上,一边加大对看跌期权和反向ETF的配置,为潜在的市场回调提供保护。Vanda全球股票策略师Marco Iachini表示,散户目前仍在选择性参与传统AI主题,但与此同时,正通过期权和反向ETF加强下行保护。与过去市场一跌就“无脑抄底”不同,今年散户的操作明显更加战术化,要么快速在不同股票之间轮动,要么在持有股票多头仓位的同时买入保护性看跌期权。散户买Put明显增加,买股资金却在收缩Vanda数据显示,尽管散户直接买入股票的现金规模整体下降,但2026年最受散户青睐的12只股票中,看跌期权买入量自4月以来较第一季度接近翻倍。更值得关注的是,看跌期权买入规模与股票净现金买入额之比,已经由约26%大幅升至110%。这意味着,在直接买股资金减少的同时,散户用于下行保护的资金明显增加。Iachini指出,ETF策略尤其是杠杆ETF的普及,也改变了散户的风险敞口。自4月中旬以来,看多和看空科技股ETF的买入力度均有所下降,其中看多ETF资金流入下降约50%,看空ETF资金流入下降约35%。整体来看,散户正在减少股票多头敞口,同时增加个股Put和大盘反向ETF的配置。Vanda认为,这一变化部分源于投资者在过去几年“逢跌买入”获得丰厚回报后开始获利了结,也可能意味着部分资金正转向投机股、杠杆ETF等风险更高的交易工具。但散户并未全面转空,7月仍在持续净买入不过,对冲需求增加并不意味着散户已经全面看空市场。嘉信理财数据显示,即使7月市场波动加剧,其客户仍保持净买入状态。衡量客户交易活跃度的Schwab Trading Activity Index(STAX)连续第三个月上升,7月由6月的59.12升至59.80,创2022年1月以来最高水平。整个7月,嘉信客户仍是市场净买家,买家数量超过卖家的两倍。投资者尤其倾向于在波动较大的科技股回调时买入,而对持续横盘的股票兴趣有限。值得注意的是,此前经常进入STAX最受欢迎股票前五名的英伟达,7月并未出现在榜单中。一边卖AI股Put赚权利金,一边买QQQ Put对冲嘉信理财交易及衍生品策略主管Joe Mazzola表示,截至8月7日当周,投资者买入QQQ(纳斯达克100ETF)看跌期权的活动略有增加。目前部分嘉信客户正在采用一种“两头兼顾”的策略:一方面卖出英伟达、美光、闪迪等AI相关股票的Put,以获取较高的期权权利金;另一方面买入价格相对较低的QQQ Put,对冲整个科技股组合的下跌风险。不过,Mazzola强调,目前的对冲活动尚未达到极端水平。投资者仍在卖出Put、买入Call,整体仓位依然押注市场进一步上涨。换言之,当前散户的态度并不是简单从“看多”转向“看空”,而是从此前较为激进的单边押注,逐渐转向“继续做多+主动对冲”。杠杆和反向ETF仍受活跃交易者青睐富达投资(Fidelity Investments)高级交易经理Brian 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